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Buy Now Pay Later

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The B2C (business to customer) eCommerce platform witnessed significant growth since the end of 2019, where the necessity arose for a contactless transaction and online shopping. Similar possibilities and growth persist in B2B (business to business space). Wondering how? Launching of ‘Buy Now Pay Later (BNPL)’ and ‘pay by instalment service’ in the B2C platform have created a sensation at B2B e-commerce space. Now, business buyers want the same digital experience just as B2C entities…

Buy now, pay later (BNPL), sometimes also called point-of-sale (POS) lending or POS financing, is growing rapidly in the e-commerce payment option trend. Mostly popular among Millennials and Gen Z, the payment option has increased over 50% in 2021.  BNPL offers various advantages to retailers, including customers’ motivation to make a series of manageable payments. In addition, providing BNPL financing to customers also helps retailers retain customers who might not otherwise visit their shops.  Using dealer…

As the world continues to struggle with a pandemic-induced economic crisis, businesses are rapidly adopting smart strategies to recover their losses. Recently businesses have developed an open approach towards boosting sales and moving inventory faster to push their revenue to pre-pandemic levels. One of such approaches is the integration of the ‘Buy Now Pay Later’ solution into their payment regime. Offering credit sales to customers is not an old concept for businesses. However, this BNPL…

The festive season is knocking at the door.  This comes as an opportunity for businesses to boost their sales and overall earnings. However, often small businesses fail to tap into the massive opportunity to increase their seasonal sales due to cash crisis and soaring demand for credit purchases.  To elaborate, the surge in seasonal demand requires additional raw material, involvement of more labour, and a wider distribution network. Collectively, these require added funding to cater…